£115,011
This estimated value is based upon the latest sale price for the house of £95,000 on 11 Oct 2019. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £95,000 | 11 Oct 2019 |
| £95,000 | 11 Oct 2019 |
| Semi-Detached |
| Freehold |
| Floor Area: 85 sq meters or 914 sq feet |
This model uses changes in the Official Land Registry House Price Index for WEST MIDLANDS to estimate the market value.
When this house was purchased in October 2019 the House Price Index for WEST MIDLANDS was 121.2.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 21.064%.Applying this 21.064% change to the original purchase price of £95,000 results in an estimated price of approximately £115,011.
| 11 Oct 2019 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.2 | 146.7 | 21.064 % | £95,000 | £20,011 | £115,011 |
The Postcode Pricing Model uses changes in average sales price within the WS2 postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations
| Change % | Change £ | Estimated Price | |
| 1 Month Average | 24.697 % | £23,462 | £118,462 |
| 3 Month Average | 5.133 % | £4,876 | £99,876 |
| 6 Month Average | 15.336 % | £14,568 | £109,568 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Feb 2022 | £188,765 | £180,000 | 29 FOREST LANE |
| 18 Feb 2022 | £185,619 | £177,000 | 46 NORTHUMBERLAND WAY |
| 28 Jan 2022 | £121,027 | £115,000 | 307 BLOXWICH ROAD |
| 12 Jul 2021 | £178,136 | £155,000 | 37 NORTHUMBERLAND WAY |
| 31 Mar 2020 | £4,317,906 | £3,585,000 | 17 EAGLEWORKS DRIVE |
This house has a floor area of 85 sq meters or 914 sq feet when measured on 17 May 2019. Using an estimated price of £116,501 means this house is valued at £1,370 per sq meter (£127 per sq foot).
The average size of a house on RAYMOND CLOSE is 105 sq meters (1,137 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Anti-social behaviour | On or near Raymond Close | |
| Feb 2024 | Drugs | Local resolution | On or near Raymond Close |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Raymond Close |
| Feb 2024 | Anti-social behaviour | On or near Raymond Close | |
| Dec 2023 | Drugs | Local resolution | On or near Raymond Close |